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Herne Hill Property Investment Overview

Suburb research data for Herne Hill, VIC 3218 — median prices, rental yield and suburb signals. General information only.

Government Public Data Price 2025 Rent 2025
Median House Price
$705,000
2025 data
Gross Rental Yield
3.5%
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Weekly Rent
$480
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Renter Demand
59%
of residents rent
Vacancy Rate
1.2%
Low — tight market
Population
3,507
Suburb residents
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📍 Suburb Overview

State VIC
Postcode 3218
Median house price $705,000
Median unit price $300,000
Weekly rent (median) $480/wk (unlock cashflow model)
Gross yield 3.5% (unlock risk & score)
Renter % 58.6%
Vacancy rate 1.18%
Population 3,507
Median household income $73,840/yr
Owner-occupied 41.4%
Median age 36 yrs
Total dwellings 1,038

🛡️ Safety & Crime

Reported crime level Moderate reported crime
Incidents / 1,000 residents 22

Herne Hill shows around-average reported crime compared with other VIC suburbs, based on 2024 state police data.

Source: VIC police / crime statistics. Reported offences vary by category and reporting practices — check current local figures before deciding.

Investment Signals

Confidence: High High

Multiple core metrics are available, including price, rent/yield and population or demand indicators.

Last updated: 2025 · Public suburb-level data coverage varies by location and source. Verify current figures before making property decisions.

✅ Low vacancy (1.2%) — tight rental market
✅ High renter proportion (59%) — strong rental demand base
🔵 Moderate reported crime (22 incidents/1,000 residents) — VIC reported data 2024
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Price History

Source: VIC_DTPLI_Quarterly. Suburb-level medians — not individual sale prices.

🏫 Schools

Schools in suburb 1
Primary 0
Secondary 1
Schools in Herne Hill
Clonard College Secondary · Catholic
School locations from state education departments / ACARA. List reflects schools located within the suburb.

🔄 Compare & Explore

Herne Hill's 3.5% gross rental yield is above the VIC median of 2.5%, across 753 VIC suburbs with public data.

Similar suburbs in VIC by price range, ranked by yield:

Mornington, VIC
6.9% yield
$525,000
Mornington, VIC
6.5% yield
$558,000
Carrum, VIC
6.3% yield
$510,000
Mulgrave, VIC
6.3% yield
$577,500
Scoresby, VIC
6.3% yield
$509,000
Ferntree Gully, VIC
6.2% yield
$505,000
Compare with nearby Open comparison →
Best suburbs to invest in VIC View VIC shortlist →
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💰 Cashflow Snapshot

80% LVR · 6.2% interest · indicative only — not financial advice
Purchase price $705,000
Deposit (20%) $141,000
Loan (80% LVR) $564,000
Weekly rent $480/wk
Annual rent income $24,960/yr
Est. annual interest -$••,•••
Mgmt fees + costs -$•,•••
Est. net cashflow +/- $••,•••/yr
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❓ Frequently Asked Questions

Is Herne Hill a good suburb to invest in?

Herne Hill has a high renter proportion (59%) and a low vacancy rate, suggesting tight rental demand. Use this data as a research signal only. Always conduct property-level due diligence and seek independent professional advice before making any investment decision.

What is the median house price in Herne Hill?

The median house price in Herne Hill is approximately $705,000 based on 2025 public data.

What is the rental yield in Herne Hill?

The indicative gross rental yield in Herne Hill is 3.5%, based on a median weekly rent of $480 against a median price of $705,000. This is general data only — actual yields vary by property, condition and market timing.

How does Herne Hill compare to other suburbs?

Use the suburb comparison tool to compare Herne Hill against other Australian suburbs by price, yield, vacancy and renter demand.

Is Herne Hill a safe suburb?

Herne Hill shows around-average reported crime compared with other suburbs in VIC, based on 2024 state police data. The reported crime rate is about 22 incidents per 1,000 residents. Always check current local crime statistics before deciding.

What schools are in Herne Hill?

Herne Hill has 1 known school, including Clonard College. Catchments and enrolment policies change — confirm directly with each school.

Where does PropertyScoutAU get its suburb data?

PropertyScoutAU uses public and government datasets where available, including price, demographic and rental indicators. Coverage varies by suburb and some fields may be estimated or unavailable. See our data sources page for full details.

General information only. PropertyScoutAU provides suburb-level research data from government public sources. All figures are indicative medians and may not reflect current market conditions or individual property values. This is not financial, investment, legal or tax advice. Always verify independently and consult qualified professionals before making any property decision. About our data →